GameStop CEO Ryan Cohen's $56B Plan to Take Over eBay
6/23/20261 hr 3 min
(0:00) David Friedberg intros GameStop CEO Ryan Cohen!
(1:56) Building and selling Chewy for $3.35B, how to compete with Amazon in e-commerce
(11:58) Post-Chewy life, activist investing, the road to GameStop CEO, expanding into collectibles
(26:39) Why he wants to buy eBay for $56B: Massive potential, poor execution (slow growth, rising expenses, seller relationship failure)
(43:58) Ryan's three-part vision for eBay: Cut costs, expand live commerce, create digital in-game collectible marketplace
(49:33) Why eBay has rejected the offer, media bias against GameStop
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Transcript preview
First 90 secondsRyan Cohen· Guest0:00
Everyone hates GameStop, and it seems like everyone in the media basically wants us to fail and wants them to succeed. And you've got a board that's making hundreds of thousands of dollars a year. They don't buy stock with their own money. They end up showing up to a handful of board meetings, and they're making a fortune. You've got a management team that is grossly overpaid. There's nothing more American than basically risking your own capital. So why does everyone want us to fail? [upbeat music] I'm going all in.
David Friedberg· Host0:29
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Ryan Cohen· Guest1:03
[upbeat music] I'm going all in.
David Friedberg· Host1:05
Ryan Cohen, welcome to the All-In Interview. Thanks for being here.
Ryan Cohen· Guest1:09
Thank you for having me.
David Friedberg· Host1:11
I think it's been like a decade, which is crazy how old we get, since you and I last had dinner in New York. This was before several chapters of your life unfolded. And it's great to be talking with you today. You're doing something really interesting right now, trying to acquire